• 아태비즈니스연구
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• 제15권3호
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• pp.81-100
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• 2024

Purpose - This study investigates the direct effects of national governance quality on international logistics activities. The results provide practical insights for different stakeholders such as policymakers and offer detailed recommendations for improving national governance quality in projects aimed to enhance cross-border logistics operations. Design/methodology/approach - To test the hypotheses, a multivariate linear regression model using the ordinary least squares estimator is applied to 166 countries covering six periods: 2007, 2010, 2012, 2014, 2016, and 2018. Findings - All national governance indicators have a significant positive influence on the performance of cross-border logistics operations. At the dimensional level, government effectiveness, legal systems, anti-corruption efforts and regulatory quality have a greater impact than democracy and a stable political environment on all dimensions of logistics performance. Research implications or Originality - This study sheds light on how the quality of governance directly affects trading logistics. It advises governments to enhance governance quality and nurture a supportive institutional environment to improve transnational logistics proficiency. It also provides a better understanding of the institutional backgrounds of international logistics companies in target countries before their performance plans.

• 수완나부미
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• 제15권2호
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• pp.215-244
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• 2023

This study analyzes the effect of macroeconomic indicators such as foreign direct investment (FDI), domestic investment, trade, inflation, unemployment, population, and governance indicators on economic growth and points out the GDP growth rate in 2002- 2019 among ASEAN countries. Data were compiled from the Worldwide Governance Indicators (WGI) and the World Bank, and the effect of variables on GDP was predicted using the pooled ordinary least squares (POLS), fixed effects model (FEM), and random effects model (REM) methods. As a measure of growth, the GDP growth rate has been taken; FDI and domestic investment, trade, inflation, and governance indicators are positively connected and have an influence on economic growth in these ASEAN countries; domestic investment, population, and unemployment have a negative relationship to economic growth. The macroeconomic indicators and institutional stability of the nation have an effect on its economic growth. Comprehensive institutional stability and well-laid macroeconomic policies are required for growth to materialize.

• Journal of Construction Engineering and Project Management
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• 제3권1호
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• pp.22-27
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• 2013

Inter-organizational Relationships (IORs) governance is one of the emerging research areas that have been studied in different contexts (e.g. economics, strategy, organization, and management). This view, particularly, attracted rising attention from academics and practitioners in the context of construction projects, due to the complex forms of IORs in terms of inter-firm exchanges (e.g. engineering, procurement, finance, construction, and operation) in these projects. The focus of IORs governance is to control Inter-organizational relationships among two or more cooperative parties to alleviate conflict and achieve mutual gains. One of the mechanisms that have been identified in the related literature is formal governance mechanism. Although many empirical studies have been conducted using formal governance terms and indicators, there isn't yet a consensual definition of this mechanism and its components that may cause misinterpretation of research results and also impede future research. This paper makes contribution to the concept of IORs governance by clarifying the meaning of formal governance mechanism and identifying different indicators of this mechanism that have been used and identified in previous studies. This provides an innovative and useful framework to understand formal governance mechanism and its application in construction projects.

• 국제학술발표논문집
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• The 5th International Conference on Construction Engineering and Project Management
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• pp.321-327
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• 2013

Inter-organizational Relationships (IORs) governance is one of the emerging research areas that have been studied in different contexts (e.g. economics, strategy, organization, and management). This view, particularly, attracted rising attention from academics and practitioners in the context of construction projects, due to the complex forms of IORs in terms of inter-firm exchanges (e.g. engineering, procurement, finance, construction, and operation) in these projects. The focus of IORs governance is to control Inter-organizational relationships among two or more cooperative parties to alleviate conflict and achieve mutual gains. One of the mechanisms that have been identified in the related literature is formal governance mechanism. Although many empirical studies have been conducted using formal governance terms and indicators, there isn't yet a consensual definition of this mechanism and its components that may cause misinterpretation of research results and also impede future research. This paper makes contribution to the concept of IORs governance by clarifying the meaning of formal governance mechanism and identifying different indicators of this mechanism that have been used and identified in previous studies. This provides an innovative and useful framework to understand formal governance mechanism and its application in construction projects.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.289-295
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• 2021

This study investigates the role of corporate governance in the dividend decision of 198 non-financial companies listed on the Colombo Stock Exchange of Sri Lanka, over the period from 2009 to 2016. Four corporate governance indicators are used in this study; managerial ownership, the board size, board independence, and CEO duality. Furthermore, this study considers three control variables such as profitability, firm size, and corporate tax. This study employed the Generalized Method of Moments (GMM) model to estimate the regression models on panel data study. The major contribution of this study is exploring the insight into the effect of corporate governance factors on dividend decisions. The results of the study revealed that managerial ownership showed a significant positive impact on the dividend payout ratio. Board size showed a significant positive influence on the dividend payout ratio. Board independence negatively but significantly influenced the dividend payout ratio. CEO duality showed an insignificant negative impact on the dividend payout ratio. In the framework of these CG indicators, Sri Lankan listed firms are recommended to have dispersed ownerships, large Board size and maintain a balance of power and authority by separating the individual who is assuming the position of the CEO from the Chairperson of the Board and maintain at least two independent directors.

• 한국국제농업개발학회지
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• 제30권4호
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• pp.269-276
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• 2018

1. 중앙 아시아는 5 개의 국가로 구성되어 있으며, 이 국가들은 1991년에 소련 연방에서 독립하였다. 독립 이전에는 5개 국가 모두 공산주의 통치 하에 동일한 소비에트 계획경제 체제를 가지고 있었다 2. 1991년 이래로 중앙 아시아 국가들은 정치적, 사회적, 자연적, 지리적 조건에 따라 각기 다른 개발 경로를 경험하였다. 3. 더 나은 통치 환경은 현대 기술 혁신을 장려하고 토지에 대한 신기술의 적용 및 토지에 대한 권리를 보장하도록 동기를 부여한다. 또한 상대적으로 낮은 거래 비용이 조성될 수 있도록 지원하여 생산 증대로 이어질 투자를 촉진한다. 4. 따라서 통치 환경의 개선은 농업 생산 증대에도 중요한 요인이다. 본 연구는 통치 환경과 농업 생산과의 관계를 실증적으로 분석하고 이를 검증하였다. 5. 본 연구의 결과는 농업 생산의 증대를 위하여 통치 환경의 개선이 중요함을 입증하였으며, 그 중에서도 부패 통제 및 법의 지배의 개선이 농업 생산 증대에 가장 큰 영향을 미친다는 것을 밝혔다.

• International Journal of Knowledge Content Development & Technology
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• 제14권2호
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• pp.99-139
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• 2024

In this study, the library ESG evaluation indicators specialized for libraries were developed, and based on which, a survey was conducted targeting the actual libraries to evaluate the ESG level of libraries. As a result of the study, first, among the ESG evaluation indicators, the indicators of the social field and the governance field are demonstrating high in which field of the library's ESG evaluation indicators will appear the highest. The social area's high score of 3.70 seems to be because the protection of users' rights, occupational safety, and contribution to society and the local community are very closely related to the original role of the library. Second, it may be seen that there is a difference between the questions in the corporate governance part, while the averages are the same. In the case of library's cooperation, it turned out that it was 3.94 in the necessity evaluation of the evaluation indicators, but it was lowered to 3.61 in the actual library situation evaluation. Meanwhile, in connection with the activities of the director of library and the board of directors, it may be seen that the index evaluation increased from 3.32 to 3.58 in the actual evaluation.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.827-834
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• 2020

The use of different proxies to measure good corporate governance (GCG) may be a probable cause of the mixed results. Therefore, the application of a new single measure to enhance comparable empirical studies is required. The purpose of this study is to examine the relationship between corporate governance and firm's performance. This study involved all manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2016 through purposive sampling with specific criteria. out of 144 qualified companies, 110 companies could be processed because of completed data in the form of financial information from their financial statements during the research period. The data were obtained from the official websites of IDX. This study applies a new measure of the corporate governance: the efficiency of the GCG. The corporate governance is calculated by relating inputs of components of the corporate governance and outputs of sales, assets and firm equity capital. By using financial data from firms listed on the Indonesian Capital Market, this study finds that the corporate governance significantly improved firm's performance. More importantly, the study confirms and supports the new single measure of the GCG. This result is very important to avoid dealing with different indicators of the corporate governance.

• Journal of Korea Trade
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• 제24권7호
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• pp.29-37
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• 2020

Purpose - This paper empirically investigates the relationship between country governance quality and worker remittances from foreign countries. Because remittances can be a source of funds for economic development and smoothing economic crises in developing countries, the related topic has been a concern for policy-makers and academic researchers. This paper divides the motives of remittances into altruistic and investment motives through existing papers, and then considers the governance quality the remittance receiving country as one of the determinants of remittances. Design/methodology - Our empirical model considers whether governance quality can affect the volume of remittances, and uses altruistic and investment factors studied in the literature. To do this, a two-step approach is taken. First, the panel data are examined via pooled OLS, random effects, and Tobit estimation. Second, the paper reduces six governance indicators into one variable, Governance, using the principal component technique (PCA) for a robustness check. Findings - The main findings can be summarized as follows. The negative governance variable in the estimation results shows a lower governance quality that induces workers to send savings to their home countries. This means that a country with poor governance quality seems to have more remittance inflows from abroad. It also reveals that poor governance quality is more relevant to an altruistic motive rather than an investment motive, in general. The positive per capita GDP variable shows the investment motive for developed countries. Originality/value - Existing papers have focused on various factors related to the motives of remittances. However, governance quality effects on remittance inflows have not been fully studied so far. This paper considers governance quality in an estimation equation explicitly as one of the determinants of remittances. This area of study is needed, in theory and empirically, in order to fully understand the relationship between governance and remittances.

• 한국문헌정보학회지
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• 제57권1호
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• pp.309-338
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• 2023

사회적·환경적 이슈에 대한 인식이 증가함에 따라 ESG 경영에 대한 관심이 높아지고, ESG 경영평가의 영향력은 점점 더 강해지고 있으며, 도서관도 ESG 경영평가에 참여할 필요가 있다. ESG 경영을 도서관에 적용하기 위해서는 도서관에 적용 가능한 ESG 경영을 정의하고 범주를 확인한 후, 먼저 적용과 지속적인 환류를 전제로 평가지표 개발이 필요하다. 이에 본 연구에서는 기업을 포함하여 공공기관 ESG 경영평가지표를 포괄적으로 살펴보고 이로부터 도서관에 적용가능한 ESG 경영평가지표를 제안하고자 하였다. 이를 위해 ESG 관련 선행연구 조사·분석, 선행연구 기반 도서관 ESG 예비경영평가지표 도출, 예비경영평가지표에 대한 전문가 FGI 의견 수렴, 전문가 FGI 의견 수렴 기반 1차 도서관 ESG 경영평가지표 개발, 1차 도서관 ESG 경영평가지표의 적합도 조사과정을 거쳤다. 최종적으로 환경 영역은 총 25개 항목, 사회 영역은 총 56개 항목, 지배구조 영역은 총 32개 항목을 선정하였다. 향후 연구에서는 이 지표를 기반으로 도서관을 대상으로 ESG 경영평가를 수행할 필요가 있다고 본다.